Medicaid Planning: Protection of Home & Irrevocable Trust Another method of protecting the home from estate recovery is to transfer it to an irrevocable trust.  Trusts provide more flexibility than life estates but are somewhat more complicated. Once the house is in the irrevocable trust, it cannot be taken out again.  Although it can be […]

South Carolina Estate & Gift Tax South Carolina Code §12-16-510 imposes an estate tax in the amount equal to the federal credit for state death taxes. In the case of a nonresident decedent, South Carolina’s estate tax is its pro-rata portion of the federal credit for state death taxes. The estate tax return is due […]